30A

1. I realized I did end up having a lot of up and down moments and not just from the course but from college too. I had them happy moments meetings new people and learning new skills I will use in the future but then I had moments where there would too much work load and I felt I would never finish.

2.I think the most important thing I will probably end up remembering is knowing I have gotten the basic skills to start a business if I really wanted to and it is up to me whether or not I would want to execute my idea.

3. I feel I have gained that entrepreneur mindset by now having this different perspective on a lot of things. I do not see businesses the same, but instead I view their products and their targeted audience.

4. I would say take this class serious in the sense of obtaining  information as it is helpful to create an understanding in creating a business. This class is not hard really and it is just the matter of putting in the effort and learning what at times appears to be a second language.

26A

1. One thing i have learned this past semester is something i’ve mentioned in a few blogs, which is stocks. Stocks was something scary to go into without having a clear mentor or someone to show you what exactly to look for in stock. 
2. I learned a lot of skills actually. A skill I ended up learning was being okay with failure and losing out on a profit, which is difficult. I learned to also be emotionally controlling since the stock market doesn’t go just in one direction straight without having its red candles or even green. Another skill I can remember learning is learning to tolerate risk, which is something many people have never done in their life’s. 
3. Failure is great in my opinion. It goes to show you that you ended up trying something but just maybe to be doing something wrong. Failure is a great thing as it brings the creativity in someone to think of a new way to approach an idea. I ended up blowing my account by a thousand or two thousand dollars within my first week of trying to trade and it was horrible. I never felt that much money leaving my wallet without even using my credit card. I didn’t take it lightly and used it as a lesson to not go in blind sighted into something you want to achieve well in, so I studied about stocks. I have now added more risk tolerance but during this very weird market we have currently. 

25A- What's Next?

Existing market

1. I think the next thing we will try doing is trying to expand to other universities. 
2. All three agreed the same thing I have been thinking and that is simply expanding to other locations after trying Gainesville as a trial. 
3. In this situation I feel for my business it may not really need more than a paragraph to explain. My business will have to obtain results before trying to go to other major cities like Orlando or anywhere where students use busses for transportation in the morning. After getting these, we will find our flaws on how we could project a higher income for the business or possibly glitches on our app. After doing so, we will try our best to reach out to schools to collaborate with their bus systems for both of us to benefit. If everything goes well, we will just expand more.

New Market

1. Currently we are trying to be focused on B2B as this will help us get what we need initially. This would be trying to communicate with RTS to get information on their buses like location. Then we will try going to B2C by trying to appeal to the customers to get the app and use our services.
2. This will create value for our people by simply offering them free rewards by using our app. The app will come at no cost and they benefit not only in the rewards but the transportation aspect. They will be able to get to class quicker by not having to wait in traffic a lot.
3. Both interviews resulted in a similar question and that is marketing towards the students. This requires a lot of work but can be really worth it in the long run. Having students know the details and benefits will help expand the program a lot! They said the app will have to be very user friendly for B2C. 
4. I think I am not surprised about what I have learned. I kinda anticipated most the details I have heard just from the way society is becoming. Society is becoming way more marketing by using different platforms of social media like Instagram. Everyone now knows for the most part that a huge expense in a business can be employed and start up but most forget how much of their budget has to go towards marketing. If no one knows about the business then how is there going to be revenue??

It is more attractive just due to the fact that it may be more enjoyable. Our small team will definitely enjoy a way of trying to get college students to use the app rather than trying to get smart business people in doing business with us. Reason why is B2B would require more precise information and most likely it is only a one time chance. With B2C you can always try a different marketing strategy.

23A- Your Venture's Unfair Advantage

1. The ability to think through problems: Comes in handy in tough situations.
2. I have money saved up for a business and rainy day funds for a few months to survive off: This comes in handy not getting loans for every little thing in the business.
3. The ability to work with others: Reason why this is important is because this helps the overall atmosphere of the business.
4. Ignoring others thoughts: I do not have the mentality to quit on something because others view it as a bad option in the sense of people saying “Idk man it looks like a hard goal.” 
5. Have good emotional control: I do not situations get the best of me in both good and bad. 
6. Have learned a lot of hard skills: Helps me on not having to pay for extra little things within the business by paying people to do tasks many people can not do.
7. I can be consistent: It provides a better result as my body naturally can adapt to a schedule. 
8. Looking to give off a good layback culture within the business: This provides more of a vibe type of feel rather than having my employees feel like they’re just working all day.
9. I tend to socialize with people that are likely to give me an opportunity pretty well: This gives me and my team better odds in creating success by connections. 
10. I love seeing things being built: When I say built I mean like a business starting from the bottom to eventually something. This just gives me that extra motivation in completing a successful business.

I say one of the most important VRIN is having emotional control. This goes a long way in keeping yourself at check by not doing spontaneous actions by a sudden change. This can help from firing a team member or stopping a deal with a company for a minor reason.

Reading reflection NO.2

For my reading I decided to pick cognitive surplus. The theme mainly throughout the book was about how the newer innovations, such as: social media and technology are taking over. This goes to say how we should open our eyes up and use what we are offered. This can be seen why many small businesses do not thrive as much as new ones that are created from individuals who know this new technology.

It helps me connect with what we are learning in class by simply connecting the puzzles. During the class we are basically told to use our resources that can help our business expand by using websites with analytics or creating a donation page using social media. The book simply helps you make that correlation that this is something used in the true world and should not be ignored.

If I were to make an exercise for this class that correlates with the book it would be to create some type of online business. Reason why is because it forces us to use the future. Many people are using ecommerce websites and working at home which saves on leasing a office in a building. Yet, they manage to get the same results as they from either at home or the office costing around a thousand dollars a month that could be used instead into marketing for the company.

A "aha" moment I received was when I kinda connected those puzzles that we should not fight where the future is going and instead tag along for the ride. Many who try to fight the trend or future tend to fail. So, I realized that we should use all the resources we can possibly take to get the best team, marketing campaigns, and products across the world then instead being traditional and shop around town while putting flyers for your business.

19A - Idea Napkin No.2

Hey, I am Miguel Lucas. I am an individual who seeks to create successful business in the future like many of you reading this blog. My current skills are not much like programming skills, but I do have soft skills that have made me become the person I am today. Skills such as; patience, hard work, and consistency towards things I really want to work on. This business idea would play a role in my life by simply causing me to be busy throughout the day with meetings or calls about the app making sure it sure works seamlessly. 

I am offering a service that would provide there to be a more efficient way of traveling by making sure transportation is quicker than before. This would be by making people take the RTS bus and this will hopefully decongest the roads making travel for the RTS bus to be quicker.

The customers are plain out college students trying to get to class and anyone other citizen that pays RTS fare.

My service is going to be free for anyone by having the download be free. It is simply important to the customers as they would get to their destination much quicker and earn points to redeem at stores.

One thing I feel that pulls me apart from everyone else is that I tend to have very good patience for things before I start to get stressed. This is usually just after a long time of doing stocks that now I basically have to be patient everyday so I do not take a loss by selling too early.

In addition to these five elements, please spend a paragraph evaluating whether you believe these elements fit together or whether there are aspects of your business concept that are weaker / out-of-joint with the others. 

I believe these elements tend to go great with the business concept. Making my concept be an app will require a lot of patience in the beginning. This is because not everyone is going to know about the app and make my service ineffective. Now, overtime it should play out well, but it will require my patience and hard work to get there. This is why I believe my elements go well with my service.

18A - Creating A Customer Avatar

My avatar would heavily consist of different College students all trying to rush to campus in the morning trying to beat traffic. They all have the same objective, the objective to get to their 8:30 at least 15 minutes late max. 

The thing I have in common with my avatar is we both desire to get dreams of getting to campus as soon as we can. This does not happen unless it is very late or early in the morning. I do not believe this is a conscience as I find that usually entrepreneurs try to solve problems in their day to day life. My avatars are in my day to day life which is why they tend to have the same problem that I do. There is not much needing to describe my avatars as I go through lives on a day to day basis.